Pinkerton Wealth LLC bought a new stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 26,047 shares of the semiconductor company’s stock, valued at approximately $4,459,000.
Several other hedge funds have also recently made changes to their positions in the business. PMV Capital Advisers LLC bought a new stake in Lam Research in the 4th quarter valued at about $25,000. Stance Capital LLC bought a new stake in Lam Research in the 3rd quarter valued at about $26,000. Triumph Capital Management bought a new stake in Lam Research in the 3rd quarter valued at about $27,000. Harbor Investment Advisory LLC increased its position in Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 102 shares in the last quarter. Finally, WealthCollab LLC increased its position in Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 55 shares in the last quarter. 84.61% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
LRCX has been the subject of a number of research analyst reports. Argus boosted their target price on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $320.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Erste Group Bank lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Berenberg Bank lifted their price target on Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, New Street Research boosted their price objective on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.97.
Lam Research Stock Performance
LRCX stock opened at $292.09 on Thursday. The firm has a market cap of $365.28 billion, a PE ratio of 55.11, a P/E/G ratio of 2.26 and a beta of 1.81. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $250.60 and a 200-day moving average of $213.69. Lam Research Corporation has a 12-month low of $79.49 and a 12-month high of $302.00.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current year.
Trending Headlines about Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research opened a new research lab in Salzburg, Austria, focused on advanced chip-packaging technology that could increase chip density and reduce costs, reinforcing its role in the AI semiconductor buildout. Reuters article
- Positive Sentiment: Morgan Stanley upgraded Lam Research to Overweight, and Bernstein also lifted price targets after raising wafer fab equipment spending forecasts, signaling improving Street sentiment on LRCX. Barchart article
- Positive Sentiment: Analysts say Lam is benefiting from stronger AI chip demand, higher WFE spending, and record revenue/EPS trends, which supports expectations for continued growth in etch, deposition, and memory-related equipment. Zacks article
- Positive Sentiment: Additional commentary highlighted Lam as one of the key “picks-and-shovels” names in the memory-chip and AI equipment trade, which is helping keep bullish momentum in the stock. 24/7 Wall St article
- Neutral Sentiment: One comparison note from Zacks argued Applied Materials may have a valuation edge over LRCX, but this appears to be a relative assessment rather than a direct negative on Lam’s fundamentals. Zacks article
Insider Activity
In other news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 120,066 shares of company stock valued at $27,953,242 over the last three months. Corporate insiders own 0.31% of the company’s stock.
Lam Research Profile
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
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